No help for University Heights project
The Cedar Rapids Gazette reported that Johnson County’s supervisors voted against providing a tax break to the developer of a $55 million housing and commercial project proposed for University Heights.
University Heights, which is located just west of Kinnick Stadium and is surrounded by Iowa City, had asked the county if it would use some of its bonding capacity to back a tax increment financing agreement of up to $8.5 million with Maxwell Development. The amount is beyond the small town’s $5 million bonding limit.
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